Looking to diversify beyond JPIE? The ETFs below have the lowest correlation with JPIE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from JPIE.
Best Diversifiers for JPIE
448 ETFs have low correlation with JPIE (below 0.3), 86 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, down from -0.37 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.37 | — | 61 | Leveraged Currency | JPIE vs YCS | |
| Invesco DB Energy Fund | -0.38 | -0.13 | — | 71 | Oil & Gas | JPIE vs DBE | |
| United States Brent Oil Fund LP | -0.37 | -0.12 | — | 65 | Oil & Gas | JPIE vs BNO | |
| United States Gasoline Fund LP | -0.36 | -0.11 | — | 69 | Oil & Gas | JPIE vs UGA | |
| United States Oil Fund LP | -0.36 | -0.12 | — | 66 | Oil & Gas | JPIE vs USO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JPIE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JPIE and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.21, down from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.21 | 0.07 | — | 69 | Energy | |
| ConocoPhillips Company | -0.20 | -0.01 | 0.04 | 76 | Energy | |
| Chevron Corporation | -0.19 | 0.02 | — | 83 | Energy | |
| Exxon Mobil Corporation | -0.16 | 0.04 | 0.05 | 85 | Energy | |
| Enterprise Products Partners L.P. | -0.12 | 0.09 | 0.13 | 85 | Energy |
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